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PNC Financial Services logoPNC Financial Services PNC

The company said in 8-K that President Michael P. Lyons resigned effective the same day to take a position at another company, with the resignation taking effect on January 23, 2025.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said in 8-K that President Michael P. Lyons resigned effective the same day to take a position at another company, with the resignation taking effect on January 23, 2025.

  2. The company said in a press release that President Michael P. Lyons is leaving PNC to take the President & CEO-Elect role at Fiserv.

  3. PNC said Lyons joined in 2011 to lead Corporate & Institutional Banking, was named president in 2024, and has been with the company for 13 years.

  4. The company said Chairman and CEO William S. Demchak credited Lyons with contributing to PNC's growth and success, and said he was confident that the leadership team built together would keep the company moving forward without missing a step.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

President Michael P. Lyons Resigns

The company said in 8-K that President Michael P. Lyons resigned effective the same day to take a position at another company, with the resignation taking effect on January 23, 2025.

Source · Based on the filing body and exhibits

Lyons to Serve as President & CEO-Elect at Fiserv

The company said in a press release that President Michael P. Lyons is leaving PNC to take the President & CEO-Elect role at Fiserv.

Source · Based on the filing body and exhibits

Lyons's Tenure at PNC

PNC said Lyons joined in 2011 to lead Corporate & Institutional Banking, was named president in 2024, and has been with the company for 13 years.

Source · Based on the filing body and exhibits

Comments from Chairman and CEO William S. Demchak

The company said Chairman and CEO William S. Demchak credited Lyons with contributing to PNC's growth and success, and said he was confident that the leadership team built together would keep the company moving forward without missing a step.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.